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The main mining and blockchain encryption company Giga Watt reported having closed access and power to its facilities and discontinued daily activities, according to a note to customers re-entered into a Telegram group on January 15th.
Following its bankruptcy statement in November 2018, the former five crypto-mining company reported to its customers that any cryptocurrency remaining in the customer portfolios will be available for collection until March via the Giga Watt dashboard.
With regard to mining equipment, the Telegram JP user has republished an e-mail in the Telegram customer support channel apparently from the Giga Watt team, stating that users will receive an email notification within the next two weeks with tracking data for their shipments.
The US-based company also warned in the re-publication note that if an e-mail is not received, it means that the user's equipment will remain in the blocked facilities and any further information related to their own equipment will not be known or available due to a legal violation proceeding, which will determine the additional information that can be communicated to customers.
Until then, the company notes that there are only a few employees left in Giga Watt to date that can help customers withdraw their accounts, learn about customer reviews (KYC) and other questions. According to the Telegram group of Giga Watt, some employees have not been paid since July 2018.
At the end of the note, the Giga Watt team is committed to keeping its customers informed in case of further information or changes.
In mid-January, Douglas County officials in the US state of Washington – where Giga Watt would have to pay $ 300,000 in public service payments – began using the former mining facilities for other computing-intensive applications such as the United States. data analysis or artificial intelligence (AI).
Recently, China's leading mining and hardware encryption provider ASIC, Bitmain, has been reported as an operation to interrupt mining in Rockdale, Texas. Reportedly, the company has had to lay off most of its employees, with the exception of two engineers and the director of human relations.
At the end of 2018, both Bitmain and the most important encryption exchanges, Huobi, had reported plans to dismiss staff as well. Some Chinese activists have also suggested in local media that Bitmain had to dissolve the entire Bitcoin Cash (BCH) developer team. Furthermore, in December, Bitmain released the news that it was closing its development center in Israel and dismissing local employees.
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